The key lesson is that if you rent to Section 8 tenants, their negative behaviors may result in non-Section 8 tenants to leave.Rent increases are more likely tied to the minimum wage.

In the spring you can list it for market rate and have better marketing/screening strategies in place.HOW TO SCREEN APPLICANTSI recommend you include some of your key qualification criteria in the advertisement.

Patience is often the hardest to harness but key to avoiding missteps, I’m sure.

The key is to consistently put yourself out there and learn from others in the process.Good luck!

Key Market Movers and How to Track Rateshttps://www.biggerpockets.com/blog/2024-dscr-loan-rates-and-...How Do DSCR Lenders Calculate Your Interest Rate?

Yes, check w attny as per @Ben Trageser.Also, see if you can negotiate with the seller to get the illegal unit delivered vacant on closing. 

In Colorado, zoning disputes can get complex, and local attorneys often know how to navigate the system effectively.Engage Your Tennant: Transparency is key.

Having a contingency fund is key.

Hey Andy one of the keys to profitability as a landlord is quick turn over. if you where renting your unit out for $2,000 a month and waited 3 months to get someone in.

I even look at residential properties with key words for potential conversions to multi but those are also hard to come by.